Shift4 Payments (NYSE: FOUR), a leading provider of integrated payment processing solutions, today introduced a new, contactless payment technology called QR Pay. The technology allows consumers to pay their bill at restaurants, retail stores and hotels by simply scanning a QR code on the receipt or payment terminal and completing the transaction on their phone. There is no additional charge for Shift4 clients to implement QR Pay at their business.
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Shift4 Payments CEO Jared Isaacman stated, “As businesses across the country reopen, they will need to adapt to changing consumer preferences including a new focus on contactless technologies. We developed QR Pay to provide a completely touchless payment experience that’s secure, safe, and convenient.”
This innovative solution is fully integrated with a number of leading point-of-sale (POS) and property management systems (PMS) to provide a seamless checkout experience. QR Pay will also add support for loyalty functionality and full ordering capabilities in upcoming software updates.
About Shift4 Payments
Shift4 Payments (NYSE: FOUR) is a leading provider of integrated payment processing and technology solutions, delivering a complete ecosystem of solutions that extend beyond payments to include a wide range of value-added services. The company’s technologies help power over 350 software providers in numerous industries, including hospitality, retail, F&B, e-commerce, lodging, gaming, and many more. With over 7,000 sales partners, the company securely processed more than 3.5 billion transactions annually for over 200,000 businesses in 2019. For additional information, visit shift4.com.